Growth and Diversification of the Captive Insurance Market

Peter Neville

Chapter Chapter 20 in Global Perspectives on Insurance Today, 2010, pp 261-273 from Palgrave Macmillan

Abstract: Abstract There has been a tendency by insurers and insurance supervisors to view captive insurers as creatures that inhabit a world somehow apart from that of “real” insurance. To some extent, this misunderstanding of what captive insurers are and what they bring to the insurance sector has arisen because their operations combine providing insurance with controlling and managing risks within the insured party. The early years of the captive insurance industry added to this sense of it being alien, because many captive insurers were established offshore in jurisdictions where they could benefit from advantageous tax regimes.

Keywords: Captive Parent; Mutual Insurer; Reinsurance Company; Commercial Insurer; Limited Liability Partnership (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11737-2_20

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DOI: 10.1057/9780230117372_20

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